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Texas  + Dallas-Fort Worth  + Apartments  | 
GREA arranges sale of 192-unit Arlington multifamily community

GREA Brokers the Sale of Another Dallas-Area Apartment Complex

Just last month, GREA helped broker the sale of The Power Properties Portfolio, an iconic 20-property multifamily portfolio located in Old East Dallas that includes the esteemed historic neighborhoods of Swiss Ave, Lakewood, and Peak Suburban. The 544 units were constructed between 1914 and 1962.

And now, GREA has brokered the sale of Blakely Apartment Homes, a 192-unit multifamily complex in Arlington. According to Apartments.com, the property was built in 1981, features one- and two-bedroom units ranging in size from 575 to 950 square feet and offers amenities such as a pool, fitness center and onsite laundry facilities. The units rent for between $1,000 and $2,400 a month.

Mark Allen of GREA represented the seller, Ashland Greene Capital, in the transaction and procured the undisclosed, locally based buyer. Ashland Greene Capital provides investment opportunities for accredited investors in the Dallas/Fort Worth multifamily asset class.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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